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| Home Front: Tech |
| Oil and fear - a combustible mix |
| 2004-08-13 |
| Basra. Chavez. Yukos. Fear. That line of type, in a nutshell, is what propelled oil prices above $45 a barrel Thursday. That's nowhere near the $80 or so per barrel price (in today's inflated dollars) that was reached nearly a quarter of a century ago. But it's high enough to put a dent in consumers' wallets and impede economic growth. It's making everyone very nervous. It's even leading Democrats to demand once again that the Bush administration stop filling the nation's Strategic Petroleum Reserve. That would be a mistake. The reserve is meant to provide an emergency stockpile in the event that U.S. oil supplies are cut off. Using the reserve to attempt to mitigate high prices didn't work very well when former President Bill Clinton tried it and wouldn't work if President Bush tried it. The worldwide oil market is being driven by factors that, at least in the short term, are beyond the control of the U.S. government. |
| Posted by:Mark Espinola |
| #2 Is it possible that Mr. Davis uses the same provider as a troll that Fred has flagged for automatic deletion? |
| Posted by: Super Hose 2004-08-13 10:45:52 PM |
| #1 Hey! What going on with Mr. D? This doesn't sound too trollish... What am I missing? 1 Mr. Davis Blog post. I prefer the home grown Rantburg wisdom. 2004-08-13 3:53:24 PM 2 Mr. Davis Not Arizona, Caliphornia. And it will happen, democratically. 2004-08-13 3:47:31 PM 3 Mr. Davis That's a plus to her. 2004-08-13 12:21:38 PM 4 Mr. Davis Capsu78, ROTFLMAO. Even worse, supose all the lines are busy and they get directed to New Delhi. Imagine the reaction when they give the call back number. 2004-08-13 12:20:50 PM 5 Mr. Davis Cast: President Bush: Sylvester Stallone John Kerry: PeeWee Heman Tater Sadr: Al Franken Saddam Hussein: Walter Matthau Baby Assad: Tom Cruise 2004-08-13 12:05:23 PM 6 Mr. Davis Must have had them surrounded. 2004-08-13 12:01:37 PM 7 Mr. Davis A good start. 2004-08-13 11:58:40 AM 8 Mr. Davis LH, interesting then that Allawi authorized ISF and USMC to attack a Mosque. Perhaps he's testing the ice for the big one. Maybe the raid will give Sistani something to think about. 2004-08-13 11:55:04 AM 9 Mr. Davis It's a start. |
| Posted by: Shipman 2004-08-13 7:35:34 PM |